denkapparat Operations GmbH Invests $457,000 in EMCOR Group, Inc. (NYSE:EME)

denkapparat Operations GmbH bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,006 shares of the construction company's stock, valued at approximately $457,000.

A number of other large investors have also recently modified their holdings of the business. True Wealth Design LLC lifted its stake in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after purchasing an additional 104 shares during the last quarter. SJS Investment Consulting Inc. grew its position in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after acquiring an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after purchasing an additional 25 shares in the last quarter. Private Trust Co. NA raised its position in EMCOR Group by 153.6% in the third quarter. Private Trust Co. NA now owns 246 shares of the construction company's stock valued at $106,000 after purchasing an additional 149 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of EMCOR Group by 40.2% during the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

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Insiders Place Their Bets

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the transaction, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company's stock.

EMCOR Group Price Performance

NYSE EME traded up $4.81 during mid-day trading on Tuesday, reaching $374.44. 117,867 shares of the stock were exchanged, compared to its average volume of 452,697. The stock has a market cap of $17.03 billion, a P/E ratio of 19.02 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock has a 50 day simple moving average of $421.43 and a 200-day simple moving average of $451.68.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, January 16th. EMCOR Group's dividend payout ratio is presently 4.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EME shares. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $497.25.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.